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Sovereign Wealth Funds Briefing - Categorized | Investment

Porsche looks to Qatar for salvation

Posted on 17 June 2009

From Businessweek.com: Germany’s Porsche and Piëch families have always held tight to their control of the automaker, but now they need help from Qatar’s sovereign wealth fund.
The emirate of Qatar wants to invest in Porsche. The two families only need to agree on a capital increase, which would allow Qatar to acquire ordinary shares for €2 billion ($2.77 billion)……..Full Article: Source


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